50 Main Street

Binghamton, NY 13905

$1,945,000
Price
24
Beds
8,925 Sq. Ft.
$218 / Sq. Ft.
8,925
Sq. Ft.
$218
per Sq. Ft.

Description

Binghamton University and SUNY Broome have 27,000 students, and a mere 24 keep this building at full capacity. Rented through June of 2025, this local landmark has a wonderful brick exterior, a state-of-the-art key fob entry system, and video surveillance, inside and out, to ensure the safety and security of its occupants. The remodeled units. 18 of which are one-bedroom studios, and three of which are two-bedroom apartments, come fully furnished, creating an ease for the tenants. The fiber Internet,...Binghamton University and SUNY Broome have 27,000 students, and a mere 24 keep this building at full capacity. Rented through June of 2025, this local landmark has a wonderful brick exterior, a state-of-the-art key fob entry system, and video surveillance, inside and out, to ensure the safety and security of its occupants. The remodeled units. 18 of which are one-bedroom studios, and three of which are two-bedroom apartments, come fully furnished, creating an ease for the tenants. The fiber Internet, building-wide WIFI, keeps everyone connected. The zero cost fully serviced laundry is convenient for the tenants and terrific for the owner. The University bus stops right outside, and this ideal location is one block from downtown shopping and restaurants. This remarkable investment opportunity is a must-see and could be a fabulous addition to your investment portfolio.
  1. Listed by John J. Farrell • EXIT REALTY HOMEWARD BOUND

Property Details for 50 Main Street

Architectural Style
MultiFamily
Zoning
Service Commercial

Location

Listing Courtesy of EXIT REALTY HOMEWARD BOUND
Add your commute
LISTING UPDATED: 04/24/2024 05:18 AM

Property Details for 50 Main Street

StatusActive
MLS #324817
Days on Market28
Taxes$15,631 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1970
CountyBroome County

Location

Listing Courtesy of EXIT REALTY HOMEWARD BOUND
Add your commute

Building Information for 50 Main Street

Building/Complex50 Main StFloor-Stories-Residences-Pet Policy-Year Built1970Building Size-

Payment Calculator

$11,917 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,615

Property Taxes

$1,303

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 50 Main Street

Summary
Location and General Information
  • City: BINGHAMTON
  • County Or Parish: Broome
  • Directions: Take Main Street to the Corner of Oak St.
  • Postal City: BINGHAMTON
  • Township: Binghamton
  • State Or Province: NY
  • MLS Area Major: Area 03
  • Postal Code: 13905
  • Zoning Description: Service Commercial
Taxes and HOA Information
  • Parcel Number: 030200-160-039-0003-009-000-0000
  • Tax Annual Amount: $15,631.00
  • Tax Assessed Value: $160,000.00
  • Tax Book Number: 160.39-3-9
School Information
  • Elementary School: Horace Mann
  • Elementary School District: Binghamton
  • High School District: Binghamton
  • Middle Or Junior School District: Binghamton
Parking
  • Garage Spaces: .00
  • Garage: No
  • Parking Features: OnStreet
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 8925.0
  • Living Area: 8925.0
  • Lot Features: Level
  • Lot Size Area: 0.1
  • Lot Size Dimensions: 44X95
  • Lot Size Units: Acres
Property and Assessments
  • Sign On Property: No
  • Year Built: 1970
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: ResidentialIncome
  • Construction Materials: Brick, Other
Utilities
  • Sewer: PublicSewer
  • Utilities: CableAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Basement
Interior Features
  • Appliances: GasWaterHeater
  • Inclusions: CARBON MONOXIDE DETECTOR,FURNISHINGS/CALL LO,SMOKE DETECTORS
  • Cooling: Yes
  • Cooling: CentralAir
  • Flooring: Hardwood, Vinyl
  • Heating: HotWater, Radiators
  • Heating: Yes
  • Interior Features: Other, SeeRemarks
  • Bedrooms Total: 24
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 0
Income & Expenses Information
  • Water Sewer Expense: $3,971.00
  • Fuel Expense: $.00
  • Gross Income: $223,800.00
  • Insurance Expense: $3,431.00
  • Electric Expense: $.00
  • Operating Expense: $78,154.00
  • Net Operating Income: $145,646.00
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 50 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 50 Main Street

Taxable ValueLand$54,500Additions$105,500Total$160,000
Home Facts
Total Finished SqFt8,925 SqFtAbove Grade Finished SqFt8,925 SqFtUnfinished Basement SqFt2,975 SqFtStories3Lot Size4,180 SqFtStyleMulti-Family Res (5+ Units)Year Built1970CountyBROOMEAPN030200 160.39-3-9

Schools near 50 Main Street

This home is within Binghamton City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - PK to 12
Private - 7 to 12
Rating
School
Distance
Horace Mann School
PublicPK to 5

West Middle School
PublicPK to 8

Binghamton High School
PublicPK to 12

Seton Catholic-Central High School
Private7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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50 Main Street is a multi-family home for sale in Binghamton, NY 13905. This property was listed for sale on March 15, 2024 by EXIT REALTY HOMEWARD BOUND, it's currently listed at $1,945,000. It has been on the market for a total of 28 days and was last sold on July 27, 2021. This listing's school district is Binghamton City School District. Nearby schools include Horace Mann School, West Middle School and Binghamton High School. 50 Main Street is a 24-bed, 0-bath, 8,925 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT REALTY HOMEWARD BOUND

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.